recreational marijuana sales Archives - Cannabis Business Executive

Illinois is on pace to sell over $1 billion in marijuana this year. Here are the February totals.

The second year of recreational marijuana sales in Illinois is off to a fast start. Through February, the state generated nearly $170 million in recreational sales, more than double the total from the first two months of 2020, according to the…

Michigan recreational marijuana sales near $18 million in two months

February 6, 2020
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Michigan
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Michigan recreational marijuana sales are nearing $18 million two months after the new industry’s Dec. 1 launch. With $17,699,952 in sales between Dec. 1 and Feb. 2, the state has generated $2,938,192 in tax revenue, including $1,769,995 in excise taxes…

Customers bought nearly $40 million in recreational marijuana during the first month of sales in Illinois

February 4, 2020
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Illinois
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Customers spent more than $39.2 million on recreational marijuana during the first month of legal weed sales in Illinois, and about a quarter of that came from out-of-state residents. Sales to Illinois residents totaled more than $30.6 million, according to…

Marijuana is disproportionately expensive at Michigan dispensaries, study finds

January 31, 2020
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Michigan
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Cannabis dispensaries are convenient because they’re legal and offer a wide selection, but they’re often more expensive than your illicit drug dealer.A new study by LeafLink, a wholesale marketplace for the cannabis industry, sheds some light on the costs of marijuana…

Illinois dispensaries sold more than $19.7 million in recreational marijuana the first 12 days of sales

January 15, 2020
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Illinois
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Marijuana shops sold more than $19.7 million in recreational weed the first 12 days of sales in Illinois. The state said consumers made more than 495,000 purchases during that time. Sales figures were highest on the first day, Jan. 1,…

Illinois marijuana dispensaries sold more than $10.8 million worth of recreational weed in the first five days of sales. Now, some have halted recreational sales amid product shortages.

Illinois marijuana shops sold more than $10.8 million worth of recreational weed in the first five days of sales, the state said. Customers made more than 271,000 purchases during that time. Now a handful of shops have halted recreational weed…

Michigan recreational marijuana sales top $3 million in 2 weeks

December 19, 2019
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Michigan
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While the lines are shorter and the sales slightly less, Michigan’s recreational marijuana business remained brisk through its second week of existence. In two weeks, the handful of licensed, actively selling retail locations have tallied $3.1 million in sales, the…

You can apply to run a recreational pot shop in Illinois starting Tuesday — but hurry

December 10, 2019
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Illinois
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State regulators will start accepting applications Tuesday for the next round of licenses to operate recreational pot shops in Illinois. Applications will be accepted until Jan. 2 — the day after recreational sales kick off — and up to 75 conditional…

Recreational marijuana sales in Michigan exceed $1.6 million in first 8 days

December 10, 2019
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Michigan
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In the first eight days of legal weed sales, $1.6 million of recreational marijuana was sold at the five retail shops open around the state. And three of those shops either sold out or had limited supplies of cannabis products. The…

Cannabis shops rake in $221,000 on first day of Michigan’s legal sales

December 3, 2019
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Michigan
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Michigan pot shops generated $221,000 in sales Sunday during the state's first day of legal recreational marijuana purchases — generated by three licensed facilities in Ann Arbor. The total on the first day of legal adult use sales in Michigan doesn’t…

Recreational Weed Would Pump $190 Million Into Florida’s Economy, Report Says

November 23, 2019
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Florida
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If approved in 2020, recreational marijuana could inject a whopping $190 million in sales tax and tourism dollars into Florida each year. That's according to a recent financial analysis of an ongoing ballot initiative, which a state commission reviewed earlier this month.…

Michigan recreational marijuana sales may be delayed by a day or two

November 22, 2019
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Michigan
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The first day of recreational marijuana sales in Michigan, originally slated to commence Dec. 1, could be delayed a day or two, Marijuana Regulatory Agency Director Andrew Brisbo revealed during an industry summit in Metro Detroit Thursday, Nov. 21. The…

Sales of recreational marijuana could begin as soon as Dec. 1 in Michigan

November 15, 2019
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Michigan
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Sales of recreational marijuana to anyone over the age of 21 could begin on Dec. 1, months earlier than previously expected. The change came when the Marijuana Regulatory Agency on Wednesday told medical marijuana businesses, including growers and processors, that they…

Michigan’s recreational marijuana market could open earlier than originally expected

November 9, 2019
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Michigan
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As recreational licenses are being processed, Michigan’s prospective marijuana businesses are becoming eager, if not antsy, to begin growing, processing and selling legal weed to the general public. As of now, based on the current rules and the length of…

Marijuana goes on sale in Illinois in January, but tight supply may make it hard to buy. ‘There just isn’t going to be that much product available.’

October 11, 2019
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Illinois
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When marijuana shops open their doors to the public in January, shoppers at the back of the line might notice something missing once they get inside: the weed. Nearly every state that allows recreational marijuana had some shops run out…